[Startup Interview] Jeremy Mah, CEO, NeuXP, Malaysia
NeuXP is an integrated digital banking startup based in Malaysia that is positioning itself as the amazon of banking by providing a complete ecosystem with innovative services and leading-edge financial management tools. The startup addresses the concerns of non-residents by extending beyond what's normally made available by other providers in Europe, USA and Asia.
The CEO Jeremy Mah elaborates on the business model and the company’s future plans.
Tell us a bit about your startup
NeuXP was founded with the aim of offering a one-of-a-kind integrated digital banking platform that provides flexibility, accessibility and simplicity to the targeted global segments.
NeuXP key vision is to be the amazon of banking by providing a complete banking ecosystem with innovative services and leading-edge financial management tools.
As the next norm of digital banking, NeuXP is rapidly moving into the digital finance space with its network advantage and leading-edge technology. Its fully digitalised banking platform is designed to address the concerns of non-residents, extending beyond what's normally made available by other providers in Europe, USA and Asia.
Besides its core banking products, NeuXP provides a complete banking ecosystem that complements the lifestyle needs of its users.
Who founded the company and what are their professional backgrounds?
Jeremy Mah Waye Shawn, Goh Hock Seng, Benny Lee Joo Chai
Jeremy Mah is the CEO of NeuXP with more than 13 years of experience in the financial industry, is not just an expert in finance, but he has also been venturing into IT solutions, fund management, crowdfunding and management consultancy areas.
Goh Hock Seng as Managing Director, New Markets has more than 20 years of experience in quality assurance, operational and management roles in various industries.
Benny Lee Joo Chai ss the Managing Director, Stakeholders Relations and has more than 15 years of expertise in long-term strategies and growth from multiple industries.
How is NeuXP financed?
What would you say are the emerging issues in the fintech sector?
Fintech industry is an evolving industry not only for the entrepreneurs but to the market as well. We can see that most of the market players expand their ideas to something that will bring benefits to the society in terms of convenience and cost saving.
Why did you start NeuXP? What opportunities did you see?
We would like to give solutions to the non-residents globally to ease their journey in opening a bank account in the chosen country while complying to the respective regulations. We have faced similar issues in the past as a non resident ourselves and this had given us the idea to build NeuXP.
What problem or problems does NeuXP solve?
NeuXP solves the problem for non-residents, i.e. travelers, students or expats to open a bank account and to have access to a full suite of services via a single integrated platform especially when moving to a new country itself is already a big leap.
What gives NeuXP the competitive edge?
NeuXP offers all-in-one app services to the target market which include banking and lifestyle services.
Who are your customers?
The target group for NeuXP is non-residents (students, expats and travelers) in Europe, USA and Asia and eventually we plan to bring this offering globally.
What does NeuXP in order to grow?
Given our business model, we rely heavily on strong partnerships in the regions we plan to operate in order to provide the best solution to our users.
What is your growth strategy?
In term of strategy, NeuXP will launch its community platform for users to participate and engage in the platform about studying and living in Europe. NeuXP will be working with partner banks to launch its banking services and various other lifestyle partners to offer services that cater to our target segment.
What are the ambitions of NeuXP?
We aim to establish our presence initially at Europe and subsequently in the United States and Asia with plans to have a global outreach thereafter.
What are your plans for the coming 12 months?
We are looking at the launch of our community portal as well as our first phase of the digital banking services.
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